Perspective On IIP Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective On IIP Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Production (IIP) growth rate dropped from 5.7% in February to 4.9% in March. The mining industry, whose output increased by 1.2 percent in April compared to an 8.0 percent gain in February, was the primary cause of the drop in industrial growth from a month earlier. In contrast, the industrial sector's output increased by 5.2% in March 2024 compared to 1.5% the previous year. A favorable environment is created by the expectation of a strong monsoon, decreasing inflation, and increasing urban demand. However, the geopolitical issues, rural consumption, inflationary food prices and crude movement needs to be monitored in near future."
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